India’s residential real estate market regained momentum in the September quarter of 2026, with housing sales across the top seven cities rising 3% year-on-year to around 1,00,220 units, according to Anarock Research. Sales stood at 97,080 units in Q3 2025.
The value of housing sales also increased 2% to around ₹1.55 lakh crore in Q3 2026 from ₹1.52 lakh crore a year earlier. On a quarterly basis, sales volumes rose 10%, indicating a recovery from the relatively subdued Q2.
MMR led the housing market with around 31,750 units sold during the quarter, followed by Bengaluru with 16,670 units. Together, the two markets accounted for 48% of total sales across the top seven cities.
Hyderabad recorded the strongest annual growth in sales at 15%, followed by Bengaluru at 12% and MMR at 5%. Sales in Pune, NCR, Chennai and Kolkata declined on a yearly basis.
New launches rise 18%
The supply side also strengthened significantly, with developers launching around 1,14,320 housing units in Q3 2026, up 18% from 96,690 units in Q3 2025. New launches were also 8% higher than the 1,05,995 units added in Q2 2026.
MMR accounted for the largest share of new supply, with around 37,500 units launched, up 27% year-on-year. Hyderabad followed with 18,950 units, marking a sharp 120% annual increase. Bengaluru added 17,720 units, up 17%.
Pune saw 18,730 new units launched, down 3% year-on-year but up 47% sequentially. NCR launches declined 14% annually to 10,900 units, while Chennai and Kolkata recorded annual declines of 9% and 4%, respectively.
MMR, Pune, Bengaluru and Hyderabad together contributed 81% of the total new supply during the quarter.
Mid-premium homes dominate new supply
The ₹80 lakh-₹1.5 crore segment accounted for the largest share of new launches at 34%, followed by homes priced between ₹1.5 crore and ₹2.5 crore with a 24% share.
The ₹40 lakh-₹80 lakh segment contributed 17% of new supply, while homes priced below ₹40 lakh had the lowest share at 14%.
The data points to a continued concentration of developer supply in mid- and upper-mid-market housing, even as affordability remains a concern.
Inventory climbs 12%
Available housing inventory across the seven cities rose 12% year-on-year to around 6,30,590 units by the end of Q3 2026, compared with approximately 5,61,760 units a year earlier. Inventory was around 6,16,500 units at the end of Q2 2026.
At the city level, MMR had the largest new supply, while Hyderabad’s sharp increase in launches stood out among the major markets.
Property prices rise 7%
Average residential prices across the top seven cities increased 7% year-on-year to ₹9,714 per sq ft in Q3 2026 from ₹9,105 per sq ft in Q3 2025. On a quarterly basis, prices rose 1%.
NCR recorded the highest annual price growth at 12%, followed by Bengaluru at 8%.
Anarock Group Chairman Anuj Puri said the upcoming festive season could support residential demand, although buyers are expected to remain selective amid higher prices and affordability concerns. He added that stable borrowing costs and a healthy new-launch pipeline could support sales, with well-priced and well-located projects expected to align better with current demand.